foreclosure: Homeowners’ Rebellion: Could 62 Million Homes Be Foreclosure-Proof?
- 08/29/10 06:35 PM
The financial juggling that helped cause the 2008 crisis may be coming back to haunt banks-and help homeowners. If you are facing foreclosure, you need to read this article by ellen brown. This article is the shot in the arm people in nevada definately need.... vegasreal8tor The Legal Problem of MERS and Mortgages: Could 62 Million Homes Be Foreclosure-Proof? http://www.yesmagazine.org/new-economy/homeowners-rebellion-could-62-million-homes-be-foreclosure-proof(1 comments)

foreclosure: The First Step In Finding The Right Home For You
- 07/07/09 07:18 AM
Las Vegas Foreclosures The First Step In Finding The Right Foreclosure Home If you are from out of town or even if you live in Las Vegas, before you start house hunting you will need to determine how much home you can afford by getting pre-qualified or pre-approved for financing as the banks will not consider an offer on a foreclosure home without a pre-approval letter. This goes for cash buyers as well...as a cash buyer you will need to be able to show proof of funds sitting in a bank, 401K Etc....Financial institution. While getting pre-approved is a more in-depth process, a pre-approval letter lets (2 comments)

foreclosure: Foreclosure Loophole?
- 09/18/08 09:30 AM
The pooling of home loans into securities has been practiced for decades and helped propel real estate prices in recent years as investors sought the higher yields that such mortgage trusts could provide. A federal judge in Ohio has ruled against a longstanding foreclosure practice, potentially creating an obstacle for lenders trying to reclaim properties from troubled borrowers and raising questions about the legal standing of investors in mortgage securities pools. If the bank cannot produce the actual Promissory Note, the bank has to prove they are the 'Holder-In-Due-Course'. In other words, the bank has to PROVE they own the house.(2 comments)

A massive foreclosure rescue bill cleared a key Senate test Tuesday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year credit for helping hard-pressed homeowners. The mortgage aid plan would let the Federal Housing Administration back $300 billion in new, cheaper home loans for an estimated 400,000 distressed borrowers who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans. An 83-9 vote put the plan on track for Senate passage as early as Wednesday, but President Bush is threatening a veto, and Democrats are fighting (10 comments)

foreclosure: White House threatens veto of foreclosure rescue
- 06/20/08 09:32 AM
Now is no the time to play politics...Our fellow Americans need help now, I strongly urge the Active Rain community to band together and contact their politicians so that our country can get over this mess. Write your representative In this article by By JULIE HIRSCHFELD DAVIS, she wrote A broad bipartisan coalition supporting a massive foreclosure rescue beat back GOP efforts to gut it Thursday, defying a White House veto threat and quashing a bid to make it victim to revelations about two senators' VIP mortgages. Read the full article here Unite NOW for this cause!(9 comments)

foreclosure: The Next Real Estate Crisis
- 06/09/08 09:50 AM
By April, 2009, hundreds of thousands of option ARM mortgages will begin resetting, bringing on a fresh wave of foreclosures People think the worst is over...yeah I know....doom and gloom....no one wants to hear that bunch of negative crap....the reality is everyone HAS to understand that this is not going away quickly. Underwater and Gasping for Air "Most of the public is thinking that the subprime thing is over, but this is another thing waiting," Bhattacharya said. "The problem for these borrowers is that once you go underwater, it's very hard to refinance, and if you cannot refinance there is very (12 comments)

Mr. McMahon, an icon on American television for decades, is one of the most recent victims caught up in the mortgage crises. Is there hollywood group that can help him? Ed McMahon broke his neck in a fall about 18 months ago and hasn't been able to work...Agents spread the word. Maybe a solution can be found. If Johnny Carson were alive he would help!

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foreclosure: $3 billion Cosmopolitan casino project faces foreclosure in Vegas
- 01/17/08 10:59 AM
$3 billion Cosmopolitan casino project faces foreclosure in VegasLet The Games Begin! Looks Like another opportunity in the making just came up in Vegas. The developer of the $3 billion Cosmopolitan Resort & Casino says its lender, Deutsche Bank, filed a notice of foreclosure on the property for a construction loan of $760 million that just matured. (4 comments)

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